Q2 Holdings, Inc. (NYSE:QTWO) Given Average Rating of “Hold” by Analysts

Shares of Q2 Holdings, Inc. (NYSE:QTWOGet Rating) have earned an average rating of “Hold” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $81.50.

Several analysts recently commented on the stock. DA Davidson reduced their price target on shares of Q2 from $94.00 to $74.00 in a research report on Tuesday, April 26th. Stifel Nicolaus reduced their price target on shares of Q2 from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, March 21st. Royal Bank of Canada reduced their price target on shares of Q2 from $90.00 to $76.00 in a research report on Wednesday, May 4th. Robert W. Baird cut their price objective on shares of Q2 from $92.00 to $77.00 in a research report on Wednesday, May 4th. Finally, Truist Financial cut their price objective on shares of Q2 from $125.00 to $85.00 in a research report on Wednesday, May 4th.

Shares of Q2 stock opened at $37.44 on Thursday. The company has a fifty day simple moving average of $48.14 and a 200-day simple moving average of $60.48. Q2 has a 12-month low of $34.42 and a 12-month high of $108.89. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 1.47. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -19.20 and a beta of 1.44.

Q2 (NYSE:QTWOGet Rating) last issued its earnings results on Monday, May 2nd. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Q2 had a negative net margin of 21.43% and a negative return on equity of 7.59%. The company had revenue of $134.07 million during the quarter, compared to analyst estimates of $132.41 million. During the same quarter in the previous year, the company posted ($0.14) EPS. On average, analysts forecast that Q2 will post -0.67 earnings per share for the current fiscal year.

In other Q2 news, CRO Michael A. Volanoski sold 2,593 shares of the firm’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $40.25, for a total transaction of $104,368.25. Following the sale, the executive now directly owns 69,136 shares of the company’s stock, valued at approximately $2,782,724. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd boosted its position in shares of Q2 by 103.7% in the first quarter. Dynamic Technology Lab Private Ltd now owns 12,120 shares of the technology company’s stock worth $747,000 after acquiring an additional 6,171 shares during the last quarter. Eaton Vance Management purchased a new stake in shares of Q2 during the first quarter valued at approximately $588,000. Echo Street Capital Management LLC purchased a new stake in shares of Q2 during the first quarter valued at approximately $1,001,000. Engineers Gate Manager LP purchased a new stake in shares of Q2 during the first quarter valued at approximately $413,000. Finally, Graham Capital Management L.P. raised its stake in shares of Q2 by 164.6% during the first quarter. Graham Capital Management L.P. now owns 7,041 shares of the technology company’s stock valued at $434,000 after purchasing an additional 4,380 shares during the period.

About Q2 (Get Rating)

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company offers Q2 Consumer Banking, a browser-based digital banking solution and comprehensive financial institution branded digital banking capabilities; Q2 Small Business and Commercial, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture.

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